Where to Buy Real Estate in Canada 2025: Edmonton

With 17 hours of daylight in the summer and aurora-lit skies in the winter, Alberta’s capital is quite literally a bright spot for Canadian home buyers. But while Edmonton has long been recognized as one of Canada’s most affordable major cities, the real estate market is quickly evolving. A growing demographic of young Edmontonians and an influx of out-of-province buyers have driven up demand, and affordability is no longer guaranteed.

Best places to buy real estate in Edmonton

Here are the top 50 Edmonton neighbourhoods for real estate purchases in 2025. To view all the results, slide the columns right or left using your fingers or mouse, or download the data to your device in Excel, CSV or PDF format.

Source: Edmonton Association of Realtors

Top three neighbourhoods in Edmonton

What’s happened in the Edmonton real estate market? 

Real estate agent Drew Carlson of eXp Realty has seen a massive influx of people moving to Edmonton in recent years. “Hopeful buyers got priced out in Ontario and B.C., so they’re looking for opportunities in Edmonton,” he says. (Zoocasa, the author of this study, is wholly owned by eXp World Holdings.) 

From July 2023 to July 2024, Edmonton experienced its largest population gain in over 20 years, with nearly 14,000 people moving to the city. In fact, with population growth of 4.5% over that period, Edmonton was the fourth-fastest-growing census metropolitan area in 2024, according to Statistics Canada.

Home price growth was not far behind. According to the Realtors Association of Edmonton, the price of a detached home climbed to $540,000 in December 2024—an 11% year-over-year jump. Home values in Alberta’s capital have steadily increased since January 2020, when the average price was $425,000. Limited housing inventory is a factor. This past December, detached homes sold in 44 days, on average—down from 53 days the previous year.

A major shift is also playing out in the condo market, according to Carlson. 

“For years, condos in Edmonton were tough to sell—they just didn’t move,” he says. “But last year, I saw a huge increase in demand. Almost every offer I wrote was in a multiple-offer situation. I’ve never seen that before.”

It’s primarily investors and first-time home buyers who are behind the surge in demand. Investors from Ontario have snapped up multiple condos, capitalizing on the strong rental market, says Carlson. He’s seen investors from that province buy three or four condos each, believing the properties “can generate solid cash flow from multiple rental units here for the same price as one in Toronto.”

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What’s next for real estate in Edmonton?

Heading into 2025, low inventory remains an issue in Edmonton.

“You can’t find anything right now,” notes Carlson. The housing shortage and increased demand are driving up prices across all housing types. Last year, home buyers could find a fully renovated bungalow with a detached garage and finished basement for about $450,000, he says. “Now, for $400,000, you’re looking at a bare-bones older home.”

Townhouses and duplexes are also in high demand, as buyers shift to these options as an alternative to the pricier detached homes, according to Carlson. Some buyers are gravitating toward large lots, recognizing the potential to build their ideal home from the ground up.

Compared to Canada’s other major cities, Edmonton remains on the more affordable side. And a strong rental market and steady population growth have ensured it will remain a hotspot for first-time buyers and investors in 2025. 

Faced with limited inventory and rising prices, Carlson says serious buyers shouldn’t hesitate. “We are in a crazy market,” he says. “There’s no ‘let’s sleep on it’—you have to be ready to act.”

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Read more about buying a home:

• The true costs of home ownership for young Canadians
• How to use FHSA and RRSP withdrawals for a home down payment in Canada
• The best mortgage rates in Canada
• Land transfer tax calculator

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